Dimensional Fund Advisors LP Trims Holdings in Ralph Lauren Corporation $RL

Dimensional Fund Advisors LP reduced its holdings in Ralph Lauren Corporation (NYSE:RL) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 452,641 shares of the textile maker’s stock after selling 8,885 shares during the quarter. Dimensional Fund Advisors LP owned about 0.75% of Ralph Lauren worth $141,908,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in RL. Cresset Asset Management LLC lifted its stake in Ralph Lauren by 84.5% in the third quarter. Cresset Asset Management LLC now owns 4,632 shares of the textile maker’s stock worth $1,457,000 after acquiring an additional 2,122 shares during the period. CI Investments Inc. increased its position in Ralph Lauren by 3.9% during the 3rd quarter. CI Investments Inc. now owns 2,734 shares of the textile maker’s stock valued at $858,000 after purchasing an additional 103 shares during the period. Focus Partners Advisor Solutions LLC increased its position in Ralph Lauren by 35.8% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 6,060 shares of the textile maker’s stock valued at $2,004,000 after purchasing an additional 1,599 shares during the period. Fisher Asset Management LLC raised its holdings in Ralph Lauren by 24.6% in the 3rd quarter. Fisher Asset Management LLC now owns 333,605 shares of the textile maker’s stock worth $104,605,000 after purchasing an additional 65,863 shares in the last quarter. Finally, Sierra Summit Advisors LLC lifted its position in shares of Ralph Lauren by 348.0% in the 3rd quarter. Sierra Summit Advisors LLC now owns 3,279 shares of the textile maker’s stock worth $1,028,000 after purchasing an additional 2,547 shares during the period. 67.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RL. Jefferies Financial Group cut their target price on shares of Ralph Lauren from $425.00 to $410.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Telsey Advisory Group reissued an “outperform” rating and issued a $435.00 price target on shares of Ralph Lauren in a research note on Thursday, February 5th. Weiss Ratings upgraded shares of Ralph Lauren from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, March 3rd. Citigroup lifted their price objective on Ralph Lauren from $333.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft set a $422.00 target price on Ralph Lauren in a report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $389.06.

Insider Buying and Selling at Ralph Lauren

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total value of $16,648,340.00. Following the sale, the chief executive officer directly owned 85,552 shares of the company’s stock, valued at approximately $30,304,229.44. The trade was a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 38.34% of the stock is owned by insiders.

Ralph Lauren Stock Up 0.6%

Shares of Ralph Lauren stock opened at $346.23 on Wednesday. Ralph Lauren Corporation has a 1 year low of $176.61 and a 1 year high of $389.15. The firm has a market cap of $20.96 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 1.34 and a beta of 1.47. The company has a 50-day moving average of $361.04 and a 200 day moving average of $342.02. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, topping the consensus estimate of $5.80 by $0.42. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.30 billion. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. Ralph Lauren’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.82 earnings per share. As a group, sell-side analysts anticipate that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were given a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, December 26th. Ralph Lauren’s payout ratio is currently 24.85%.

Ralph Lauren Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.